Jakarta Retail Figures Q1 2026

Executive Summary

• New supply remained limited with PIM 5 completion, bringing total stock to around 3.46 million sqm, while future developments stay restrained and increasingly focused on higher-quality formats alongside rising stand-alone retail offerings.​
• Leasing demand remained robust with circa 15,600 sqm net take-up, driving occupancy up to 86.02%. High-end malls outperforming at around 95.4% and capturing the majority of premium tenant demand. Meanwhile, rents grew modestly by 0.5% q-o-q to approx. Rp 333,100/sqm/month, with cautious landlord sentiment and a widening gap between top-tier and lower grade malls. ​
• Looking ahead, occupancy rates are forecast to improve further, reaching around 88% as the market continues to stabilize. Overall, the outlook suggests a steady recovery trajectory, underpinned by resilient demand and limited supply growth, with lifestyle-driven retail continuing to shape the evolution of mall landscape.​